State Bank of India: GK, General Studies and Current Affairs

Ashwani Bhatia appointed as the Managing Director of SBI

Ashwani Bhatia has been appointed as the managing director of State Bank of India by the Appointments Committee of the Cabinet, headed by Prime Minister of India. He will be appointed in the place of  P K Gupta. Key highlights Mr. Bhatia has been serving as the deputy MD and CEO of SBI Mutual Fund. ..

Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME

The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank of India, Canara Bank, and Punjab National Bank. What is the Emergency Credit Line Guarantee ..

Reliance Industries at 96th rank in Fortune Global 500 list

Reliance Industries, headed by the Indian Billionaire Mukesh Ambani, has jumped 10 places to break into the world’s top 100 companies on the Fortune Global 500 list. Reliance is ranked 96th in the 2020 ranking released by Fortune. This is the highest any Indian company has been ranked on the Fortune Global 500 list. Background ..

GoI introduces Floating Rate Savings Bonds

On June 26, 2020, the Government of India introduced Floating Rate Savings Bonds. Highlights The bond is to replace savings bonds that were offered by GoI till May 28, 2020. The operational guidelines and the details of the bond are to be issued by the Reserve Bank of India. The bonds are to be available ..

SBI to provide 0.25% of its annual profit to tackle coronavirus outbreak

The country’s largest bank State Bank of India (SBI) announced that it will provide 0.25% of its annual profit for the year 2019-20 to support health care for underprivileged people and fight the coronavirus pandemic. As per the statement of the bank, the contribution will be made from CSR funds. The government has recently notified ..